RE:The lawsuits are bogus in my opinion
Yes, they can be. But in this case, don't you think there are some issues that shareholders have real issues with???
This is not a normal situation. This is not a normal stock plunge. This is a rocket that flew up one high octane fuel, has burnt out and is crashing down.
The missed guidance and lack of proper disclosure compliance are real. So is massive unexpected write off less than two years after acquisition.
There are a multitude other issues that need to be discussed, all under oath in front of an impartial magistrate who can decide what is right, and what is wrong.
If I lost more, I would join as many lawsuits as I could. Right now, I simply recently joined the shorts. Very late in the crash but I plan to make my money back. Craigbad is a retail investor/trader I would follow. ProTrading is too much of a daytrader for the average investor.
This stock is dead. I might as well benefit with a short investment. If insiders start to buy, I might reconsider my position.